Smartworks Q2 FY27 Results: Revenue Rises to Rs 591 Cr, Profit Hits Rs 26 Cr

Smartworks reported operating revenue of Rs 591 crore for the quarter ended September 2026, up 39% from Rs 425 crore in Q2 FY26. On a sequential basis, operating revenue rose 8% from Rs 546 crore in Q1 FY27. The company also recorded Rs 14 crore in non-operating income, taking total income to Rs 605 crore for the quarter.

Smartworks reported a net profit of Rs 26 crore in Q2 FY27, compared with a net loss of Rs 3 crore in the year-ago quarter. EBITDA grew 37% year-on-year to Rs 391 crore, with an EBITDA margin of over 66%. The results show continued profitability on a quarter-on-quarter basis and a turnaround on a year-on-year basis.

Depreciation related to lease expenses was Smartworks’ largest cost item at Rs 259 crore, up from Rs 198 crore in Q2 FY26. Operating expenses stood at Rs 172 crore, while employee benefits expenses were Rs 28 crore. Including finance costs and other overheads, total expenditure reached Rs 570 crore in Q2 FY27 versus Rs 445 crore in the corresponding quarter last year.

For H1 FY27, Smartworks’ operating revenue grew 42% year-on-year to Rs 1,138 crore. The company reported a net profit of Rs 39 crore for the half-year period, compared with a loss of Rs 7.3 crore in H1 FY26. As of 11:22 AM on the reported day, Smartworks shares traded around Rs 477.7 apiece, giving the company a market capitalization of Rs 5,465 crore ($575 million).